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20 Chelsea Road, Chelsea VIC 3196

$1,250,000 - $1,350,000

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$1.25M - $1.31M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 4 Cars 636 m²

Listed: 17 hours ago

Overview

Set on a generous 636sqm allotment, this property offers exciting potential for townhouse or multi-dwelling development (subject to council approval). Positioned in an area that has already seen strong redevelopment, the site currently hosts an original three-bedroom, one-bathroom home, providing a foothold in a sought-after bayside location.

The adjoining parcel was recently developed with four new residences, demonstrating the suitability for higher-density housing and the strong demand from buyers seeking quality new homes in Chelsea. The vendor advises there may be potential for building heights up to 11 metres (STCA), offering developers valuable flexibility to maximize the site’s potential and capitalize on the thriving local market.

This location is prized for its prime Chelsea Road frontage just meters from the beach, providing an attractive lifestyle opportunity while remaining conveniently close to Chelsea Station, shopping precincts, and schools. The area sustains strong resale values for new townhouse offerings, making this an appealing proposition for developers, builders, and investors alike.

636sqm allotment with prime frontage
Proximity to beach, transport, shops, and schools
Opportunity for 11-metre building height (STCA)
Proven success of multi-dwelling nearby

Overall, the property presents a versatile investment or project site in a coastal locality with enduring appeal, catering to those aiming to contribute to and benefit from Chelsea’s evolving residential landscape.

Local Market Insights

In Chelsea, Quiet Listings observed 15 new houses entering the market over the last 30 days, down from 25 during the previous 30-day period, with an average advertised asking price of $1,297,333. The property type mix of listed properties is predominantly Units at 29%, followed by houses (26%), and townhouses (24%). The most active agency for houses in the Chelsea area is currently Buxton Real Estate Group, representing 47% of new listings, followed by Jellis Craig with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.